“Stray legs,” which show bottom prices in Japanese stocks, also appeared after the Great East Japan Earthquake - chart
2024/8/7 11:51 JST (some excerpts)
The intraday price movement for the 6th falls within the range of the 5th on the daily chart
It also appears after 2011/3/15, which was the biggest decline immediately after the Great Earthquake
A shape called a “wobble foot” appeared on the Nikkei Stock Average and the Tokyo Stock Price Index (TOPIX) charts. As a rule of thumb, it is said that if it appears in the low range, it is easy to come out when forming an immediate bottom.
A wobbly foot refers to a candlestick whose price movements for the day are within the range of the previous day. According to the Nikkei Average, the price range for the 6th (30,077-4911 yen) fell within the price range for the 5th (30,156—5301 yen).
The intraday price movement for the 6th falls within the range of the 5th on the daily chart
It also appears after 2011/3/15, which was the biggest decline immediately after the Great Earthquake
A shape called a “wobble foot” appeared on the Nikkei Stock Average and the Tokyo Stock Price Index (TOPIX) charts. As a rule of thumb, it is said that if it appears in the low range, it is easy to come out when forming an immediate bottom.
A wobbly foot refers to a candlestick whose price movements for the day are within the range of the previous day. According to the Nikkei Average, the price range for the 6th (30,077-4911 yen) fell within the price range for the 5th (30,156—5301 yen).
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